Man Group (LON:EMG) Given Buy Rating at Shore Capital

Man Group (LON:EMG – Get Rating)‘s stock had its “buy” rating restated by research analysts at Shore Capital in a research report issued on Tuesday, Digital Look reports.

Other analysts also recently issued reports about the stock. Citigroup reissued a “buy” rating on shares of Man Group in a research report on Monday, April 11th. Barclays reissued an “equal weight” rating and set a GBX 255 ($3.21) price target on shares of Man Group in a research report on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of Man Group in a research report on Wednesday, May 11th. Finally, JPMorgan Chase & Co. boosted their target price on Man Group from GBX 280 ($3.52) to GBX 295 ($3.71) and gave the stock an “overweight” rating in a research report on Friday, April 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Man Group has an average rating of “Buy” and an average target price of GBX 285.33 ($3.59).

Man Group stock opened at GBX 247.80 ($3.12) on Tuesday. The stock’s 50 day moving average is GBX 234.13 and its 200 day moving average is GBX 219.11. The company has a market capitalization of £3.32 billion and a P/E ratio of 9.16. Man Group has a twelve month low of GBX 174.40 ($2.19) and a twelve month high of GBX 249.10 ($3.13). The company has a quick ratio of 1.84, a current ratio of 2.12 and a debt-to-equity ratio of 19.02.

In other news, insider Anne Wade purchased 15,000 shares of the business’s stock in a transaction on Friday, March 4th. The stock was acquired at an average cost of GBX 183 ($2.30) per share, for a total transaction of £27,450 ($34,541.34).

Man Group Company Profile (Get Rating)

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.

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